TRAILEND, STATION LANE, FARNSFIELD, NEWARK, NG22 8LB - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

TRAILEND is a midsized detached house of 116m², built sometime between 2003 and 2006. It was last sold for £275,000 in June 2014, which was around 25% above the average June 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was B.

TRAILEND Sold Prices

Land registry data shows two sales for TRAILEND since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two TRAILEND sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 12 JUN	£275,000	£220,265	25% above HPI
2008 20 JUN	£267,500	£218,442	22% above HPI

TRAILEND Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two TRAILEND sales from June 2008 and June 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2008 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the June 2014 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is TRAILEND?

TRAILEND is 116m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 40% of detached houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses by size in Farnsfield, and where TRAILEND lies on this distribution: 40% of detached houses are smaller than TRAILEND, and 60% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

TRAILEND: Plot and Title Map

TRAILEND sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of TRAILEND, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of TRAILEND). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is TRAILEND?

TRAILEND is located on STATION LANE in FARNSFIELD, in the NG22 postcode district. The below map shows the position of TRAILEND on STATION LANE.